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Meta’s $18bn settlement may hasten reckoning for social media on child safety

Meta’s $18bn settlement may hasten reckoning for social media on child safety

Meta has agreed to a surprising 18 billion dollar settlement to resolve claims that Facebook and Instagram harmed children, ending a legal battle with 29 US states before it could spiral into a courtroom drama.

Business
Nvidia sales soar on rapid buildout of AI data centres

Nvidia sales soar on rapid buildout of AI data centres

Nvidia has once again stunned investors with a massive surge in sales, reporting quarterly revenue of 96 billion dollars as the global rush to develop artificial intelligence shows no signs of slowing down. This figure

Business
Meta’s $18B child-safety deal hinges on age-verification tech that doesn’t work well

Meta’s $18B child-safety deal hinges on age-verification tech that doesn’t work well

Meta has agreed to a massive 18 billion dollar settlement following lawsuits from 29 U.S. states alleging that the company intentionally designed its platforms to hook young users. While the figure sounds astronomical, legal experts

Business
Meta’s Social Media Settlement Is Not Enough

Meta’s Social Media Settlement Is Not Enough

Meta recently reached a massive legal settlement involving 48 states, Washington, D.C., and three U.S. territories, agreeing to pay up to 18 billion dollars while implementing new safeguards for younger users. Under the terms of

Business
US inflation holds at 3.7 percent in July, above Fed target

US inflation holds at 3.7 percent in July, above Fed target

US inflation remained stubbornly high in July, holding steady at 3.7 percent and marking the 65th consecutive month that price growth has exceeded the Federal Reserve's 2 percent target. According to data released Wednesday by

Business
FDA approves landmark pancreatic cancer drug that’s shown to improve survival

FDA approves landmark pancreatic cancer drug that’s shown to improve survival

The U.S. Food and Drug Administration has granted expedited approval to a groundbreaking new medication for advanced pancreatic cancer, marking a potential turning point in the fight against one of the world's deadliest diseases. The

Business
Meta’s $18bn settlement: How social platforms will change for child users

Meta’s $18bn settlement: How social platforms will change for child users

Meta has agreed to a massive 18 billion dollar settlement to resolve a series of lawsuits across 48 US states and territories, ending allegations that the company deliberately designed Instagram and Facebook to be addictive

Business
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement

‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement

Meta Platforms has reached a historic 18 billion dollar settlement with 48 U.S. states, agreeing to implement sweeping changes to how teenagers interact with Facebook and Instagram. Over the next decade, the tech giant will

Business
Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here’s what to expect

Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here’s what to expect

All eyes are on Wyoming this Friday as Federal Reserve Chairman Kevin Warsh prepares to deliver his highly anticipated keynote address at the annual Jackson Hole symposium. While the official theme of this year's gathering

Business
Parent activist says Meta settlement is ‘peanuts,’ calls on Zuckerberg to speak out

Parent activist says Meta settlement is ‘peanuts,’ calls on Zuckerberg to speak out

A massive seventeen billion dollar settlement from Meta may seem like a staggering sum to most, but for parent activist Cheryl Brown, it is nothing more than peanuts. Speaking with Fox Business, Brown expressed that